Course Outline
Challenges facing forecasters
- Customer demand planning
- Investor uncertainty
- Economic planning
- Seasonal variations in demand and utilisation
- The roles of risk and uncertainty
Time series methods
- Moving average
- Exponential smoothing
- Extrapolation
- Linear prediction
- Trend estimation
- Growth curve analysis
Econometric methods (causal methods)
- Regression analysis using linear or non-linear regression
- Autoregressive moving average (ARMA)
- Autoregressive integrated moving average (ARIMA)
- Econometrics
Judgemental methods
- Surveys
- Delphi method
- Scenario building
- Technology forecasting
- Forecasting by analogy
Simulation and other methods
- Simulation
- Prediction markets
- Probabilistic forecasting and ensemble forecasting
- Reference class forecasting
Requirements
Proficient knowledge of Excel or other spreadsheet software
A solid understanding of mathematics and statistics
Testimonials (4)
Mr Andrew easily understood and responded so well to participants' answers.
Junaidah Ahmad - GAS MALAYSIA DISTRIBUTION SDN BHD
Course - Market Forecasting
- I finally can implement the right analysis method to what I currently work on. - Discussion on general issues (worldwide) which is related to the training topic.
Lizawati Pati - GAS MALAYSIA DISTRIBUTION SDN BHD
Course - Market Forecasting
1.The presentation style of Mr. Andrew, engaging with the style of audience.
MUHAMMAD ZAID SALMAN - GAS MALAYSIA DISTRIBUTION SDN BHD
Course - Market Forecasting
Trainer's subject knowledge was such that complex subjects seemed easy, and he genuinely inspired me with enthusiasm for the topic. My session worked out as 1:1, and it was a real privilege to get the benefit of such a high caliber of trainer in the context of personal tuition.. . Hancock International.
